Euro / Australian Dollar

Short

Updated

EURAUD: Pullback From Trend Line

snapshot

EURAUD reached a strong major daily trend line.

On that the price was nicely rejected and just recently formed a bearish engulfing candle.
Moreover, if you zoom out the chart you may see a tiny little double top there.

I guess the pair is quite overbought now and pullback will follow.

Goals:
1.5825
1.5805

Note

Check my new idea on AUDJPY:

AUDJPY: Channel Classic Short

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✅Join My Telegram Channel: t.me/VasilyTrading

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.